Tyler, Texas, is an attractive destination for investors seeking to purchase a restaurant, with 2 listings available. Restaurants in Tyler offer a unique blend of investment opportunities, ranging from casual eateries to fine dining establishments. Whether you're looking to invest in a freestanding building or a restaurant within a shopping center, Tyler provides a diverse range of options. The city's strong economy, driven by major employers like Brookshire Grocery Company, Tyler Pipe, and Trane Technologies, ensures a steady stream of customers. Additionally, Tyler's amenities, such as the University of Texas at Tyler, Caldwell Zoo, and Broadway Square Mall, attract visitors and locals alike, creating a bustling atmosphere that benefits restaurants. The city's infrastructure, including the United States Postal Service post offices and public transportation provided by Tyler Transit, further supports the success of restaurants in the area.
Tyler's restaurant scene is characterized by its diversity, with options ranging from casual eateries to fine dining establishments. The city's strong economy and amenities, such as the University of Texas at Tyler and Caldwell Zoo, create an attractive environment for restaurants. In addition to restaurants, Tyler offers a range of other investment opportunities, including 2 apartment buildings, shopping centers like Broadway Square Mall, specialty properties, and hotels. The city's infrastructure, including the United States Postal Service post offices and public transportation provided by Tyler Transit, supports the success of these investments. With its diverse range of investment opportunities and strong economy, Tyler is an attractive destination for investors seeking to purchase a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Tyler?
The average cost per square foot for a restaurant in Tyler is $1,156 USD per square feet, with available listings totaling 2 and average sizes ranging from 2,966 square feet to 4,456 square feet.
What factors determine the value of a restaurant for sale in Tyler?
When evaluating the value of a restaurant for sale in Tyler, several key factors come into play, including:
- Location, with proximity to major highways, such as Interstate 20 and U.S. Highway 69, and popular amenities like the Broadway Square Mall and Tyler State Park, being highly desirable;
- The restaurant's size, with an average size of 2,966 square feet, and condition, including the age and quality of equipment and fixtures;
- Financial performance, including the average cap rate of 4.62% and sales data, which can impact the overall value of the restaurant, with currently 2 available listings in Tyler.
